If payment on a heloc in Georgia is stopped , can the heloc bank sue the borrower ? Or does the bank have to wait first foreclose ? I am wondering if Georgia has a security first rule which requires a secured lender to first foreclose . I stopped payment on my first and my heloc . But the first has not foreclosed not sure what is taking so long . I'm wondering if the heloc bank can just sue or do they have to first foreclose ? I know some states that this security first rule not sure if GA does .